|[December 17, 2012]
The NORCAL Group of Companies has "A" Rating Affirmed by A.M. Best
SAN FRANCISCO --(Business Wire)--
A.M. Best, the insurance rating service, has affirmed the "A"
(Excellent) rating given to the NORCAL Group of companies, including
NORCAL Mutual Insurance Company of San Francisco, California, PMSLIC
Insurance Company of Mechanicsburg, Pennsylvania, and Medicus Insurance
Company of Austin, Texas. According to A.M. Best, the rating reflects
the Group's excellent risk-adjusted capitalization and strong operating
performance. Recognition is also given to the historical pattern of
favorable loss reserve development.
A.M. Best also stated the NORCAL Group ranks among the top ten medical
professional liability carriers in the country by direct written premium
and has helped to establish a stable market for medical professional
liability coverage in its territories.
"We are pleased ith this positive rating affirmation from A.M. Best,"
said Mark Johnson, senior vice president and CFO for the NORCAL Group.
"As a national provider of medical professional liability insurance, we
value our financial strength which provides peace of mind to our
clients. We also value the personal way we serve our insureds."
A Best rating is an independent opinion of an insurer's financial
strength and ability to meet its ongoing insurance policy and contract
obligations. The rating is based on a comprehensive quantitative and
qualitative evaluation of a company's balance sheet strength, operating
performance and business profile. (Source (News - Alert): A.M. Best Financial Strength
The NORCAL Group of Companies
NORCAL Mutual Insurance Company, PMSLIC Insurance Company and Medicus
Insurance Company, members of the NORCAL Group of companies, are medical
professional liability insurers providing protection to more than 28,000
physicians, healthcare extenders, medical groups, hospitals, community
clinics and allied healthcare facilities in the nation. The companies
share a group rating of "A" (Excellent-Stable) by A.M. Best for their
financial strength and stability.
NORCAL Mutual is based in San Francisco, CA (News - Alert), and operates in California,
Alaska and Rhode Island. PMSLIC is based in Mechanicsburg, PA, and
operates in Pennsylvania and Delaware. Medicus is headquartered in
Austin, TX, and is licensed to sell medical professional liability
insurance in 37 states across the nation.
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